Experts: Gasoline prices bottoming out

9:33 AM,
Nov. 15, 2013

The national average price of self-serve unleaded gasoline on Friday was $3.24. In Louisiana it was $3.

Written by

USA Today
Gannett

After plummeting to their lowest levels in nearly three years, gasoline prices may be close to hitting a 2013 low. But that's probably about as low as they'll go this year, experts say.

Nationally, the average price for gasoline has inched up to $3.20 a gallon after bottoming at about $3.17 earlier this week. Behind the gains is a three-day spike in wholesale prices, including a 5% jump Thursday. That's already pushed pump prices in some states, such as Michigan, 11 cents higher this week. Benchmark West Texas crude traded at a five-month low early Thursday, to about $92.50 a barrel, before ...